McCain Sucks, Palin Sucks = No Bush left behind

McCain’s Health Plan: Don’t Get Sick

Posted on: September 16, 2008

From NY Times article by Bob Herbert- “McCain’s Radical Agenda”
Excerpt:
“The whole idea of the McCain plan is to get families out of employer-paid health coverage and into the health insurance marketplace, where naked competition is supposed to take care of all ills. (We’re seeing in the Bear Stearns, Fannie Mae, Freddie Mac, Lehman Brothers and Merrill Lynch fiascos just how well the unfettered marketplace has been working.)

“Taxing employer-paid health benefits is the first step in this transition, the equivalent of injecting poison into the system. It’s the beginning of the end.”

From HEALTH AFFAIRS, The Policy Journal of the Health Sphere:

Abstract:

“Senator John McCain’s (R-AZ) health plan would eliminate the current tax exclusion of employer payments for health coverage, replace the exclusion with a refundable tax credit for those who purchase coverage, and encourage Americans to move to a national market for nongroup insurance. Middle-range estimates suggest that initially this change will have little impact on the number of uninsured people, although within five years this number will likely grow as the value of the tax credit falls relative to rising health care costs. Moving toward a relatively unregulated nongroup market will tend to raise costs, reduce the generosity of benefits, and leave people with fewer consumer protections. [Health Affairs 27, no. 6 (2008): w472-w481 (published online 16 September 2008; 10.1377/ hlthaff.27.6.w472)]”

From The New Republic:
The Essence of McCain’s Health Plan: Don’t Get Sick

“The reality is that providing coverage through nongroup plans is much more costly than providing that coverage through groups. Administrative expenses are twice as high in nongroup markets as in group markets. The costs are higher because insurers in this market spend considerable resources on medical underwriting, and economies of scale are lost. It is much more expensive to sell insurance to millions of individuals one individual at a time than it is to sell to a much smaller number of employer groups, each comprising thousands of employees. For a typical family that moves from group to individual coverage, therefore, the move to nongroup insurance will raise premiums for an identical policy by more than $2,000 per year. Shifting people into the nongroup market would not save money for most Americans. Rather, it would lead to increased spending on administrative costs and a decrease in the portion of health spending that actually goes to providing care.”

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3 Responses to "McCain’s Health Plan: Don’t Get Sick"

I just about snorted my drink up my nose when I read the title of this post. 🙂

What many of those idiots don’t understand is that it doesn’t make “good business sense” to insure someone who is either sick or likely to get sick or has a chronic health problem.

Hence the “free market” is not even close to a humane solution!

[…] September 2008 Political quip Go here to see a one sentence summary of McCain’s health care plan (see the […]

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